ACCC needs more teeth to ensure market transparency: ABA

The Australian Beef Association is calling for the Federal Government to give the ACCC’s Agricultural Enforcement and Engagement Unit greater powers to conduct industry investigations. ABA executive officer David Byard said the ACCC was forced to rely on a 10-year-old data when it conducted its recent Australian cattle and beef market study, because it did not have the power to gather information compulsorily. However the Federal Government has told Beef Central it believes the ACCC’s current powers are adequate and appropriate for its work (more on the Federal Government’s response below). Mr Byard said the Federal Government’s $11.4m investment to establish a 12-member…

Source: Beef Central
ACCC needs more teeth to ensure market transparency: ABA